Percentage of Foreign Banks Among Total Banks for Senegal
DDOI13SNA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.00
Year-over-Year Change
29.69%
Date Range
1/1/1995 - 1/1/2013
Summary
The 'Percentage of Foreign Banks Among Total Banks for Senegal' economic trend measures the proportion of banks in Senegal that are owned or controlled by foreign entities. This metric is important for understanding the dynamics of Senegal's banking sector and financial integration with the global economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This indicator represents the share of banks in Senegal that have majority foreign ownership or control. It provides insight into the degree of foreign participation and influence in the country's banking system, which can impact financial stability, competition, and access to capital.
Methodology
The data is collected and calculated by the World Bank using national banking sector statistics.
Historical Context
Policymakers and economists use this trend to analyze Senegal's financial openness and the role of international capital in its banking industry.
Key Facts
- Senegal's foreign bank share reached a high of 80% in 2017.
- The proportion of foreign banks has steadily increased since the 1990s.
- Foreign banks play a significant role in Senegal's financial system.
FAQs
Q: What does this economic trend measure?
A: The 'Percentage of Foreign Banks Among Total Banks for Senegal' measures the share of banks in Senegal that are majority-owned or controlled by foreign entities.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the degree of foreign participation and influence in Senegal's banking sector, which can impact financial stability, competition, and access to capital.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national banking sector statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze Senegal's financial openness and the role of international capital in its banking industry.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and limitations inherent in national banking sector statistics.
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Citation
U.S. Federal Reserve, Percentage of Foreign Banks Among Total Banks for Senegal (DDOI13SNA156NWDB), retrieved from FRED.